BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Threat of new entry
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Supplier power
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Risk of losses
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Competitive rivalry
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Detailed explanation-1: -Political factor is not one of the Porter’s five force factor. The Porter’s five forces tool is a simple but powerful tool to evaluate the power of business. Porter’s Forces Analysis assumes that there are important forces that determine competitive power in a business situation.
Detailed explanation-2: -These forces include the number and power of a company’s competitive rivals, potential new market entrants, suppliers, customers, and substitute products that influence a company’s profitability.
Detailed explanation-3: -Complementary products is not a force in the Porter Five Forces model.
Detailed explanation-4: -Solution(By Examveda Team) Threats of technological advances is not one of Porters five competitive forces.